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and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt
and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan....
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why is it when you're taking advantage of a tax break and you're a businessman you're a businessman. but if you're taking advantage of something you're a moocher. >> cenk: ana. >> it might be entertaining, but it's substantive. when i was watching the debates that's what i do for a living. i have to pay attention to those things. i have a hard time doing it because it's so boring. the candidates have to be so polite. right there you see stewart's passion. you see he's being persuasive. why obama can't be like that? i understand the stress and pressure, it's a huge part of it, but obama has to be as respectful as possible, mitt romney has to be respectful. they can't raise their voices. i can't stand that about our debates. >> obama could have been better than he was. he'll never be jon stewart. he'll never strife to be jon stewart. but that's a great point about mooching and entitlements. that's great but he can't deliver it from standing on an apple cart to be higher and he can't joke. >> you'll always get people who will tear someone down. the small things that happen in debates, w
why is it when you're taking advantage of a tax break and you're a businessman you're a businessman. but if you're taking advantage of something you're a moocher. >> cenk: ana. >> it might be entertaining, but it's substantive. when i was watching the debates that's what i do for a living. i have to pay attention to those things. i have a hard time doing it because it's so boring. the candidates have to be so polite. right there you see stewart's passion. you see he's being...
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he said he wants to lower tax rates? how is that not lowering tabs for the rich. >> then you can't also then say he's going to on the loophole piece, you can't say he's not going to do the loopholes. i know you want to know the details. >> but i'm just saying, it might be cute about the son, burr the substance just isn't there. >> you're not willing to give him any credit. >> oh, yeah. >> the guy came very well prepared. he had specifics. >> he did? >> he looked obama in the eye. he was someone who was presidential and came ready to play. >> i'll tell you something, i am the only person as my pal dana has said, who thinks obama did well. so i know -- >> obama needs to step up his game. don't apologize for him. he's the president of the united states. he deserves to do better than that. >> i don't really believe he -- you really believe obama did well is this. >> yeah, i do. >> let's move on. >> moving on. you probably wondering what's eric bolling's favorite moment was? that is coming up in the next block. we'll have mor
he said he wants to lower tax rates? how is that not lowering tabs for the rich. >> then you can't also then say he's going to on the loophole piece, you can't say he's not going to do the loopholes. i know you want to know the details. >> but i'm just saying, it might be cute about the son, burr the substance just isn't there. >> you're not willing to give him any credit. >> oh, yeah. >> the guy came very well prepared. he had specifics. >> he did? >>...
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addressing romney's tax plan, obama said romney's effort to cut taxes for the wealthy would be to the gutting of essential government programs. box for 18 months he has been running on this tax plan. five weeks before the election, now he is saying his big, bold idea is, "never mind." the fact is, if you are lowering the rates the way you described, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class. it is math. >> mitt romney challenged obama's assertion that his tax plan would cost the country $five trillion in revenue, the knowledge to cut spending on government programs will drastically increasing funding for the military. in a jab that quickly exploded on twitter car romney told moderator jim lehrer he would cut funds to employer pbs, despite his love for certain sesame street character. >> i am sorry, jim, i'm going to stop the subsidy to pbs. i love big bird. i like you, too, but i am not one keep spending money on things to borrow money from
addressing romney's tax plan, obama said romney's effort to cut taxes for the wealthy would be to the gutting of essential government programs. box for 18 months he has been running on this tax plan. five weeks before the election, now he is saying his big, bold idea is, "never mind." the fact is, if you are lowering the rates the way you described, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid...
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payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5% in the red, that's right. neil: if you hear mitt romney saying i'm going to essentially get off your back, going to roll back regulations. he was not specific which, make sure the government cools it on taxes, didn't say to the degree of what allowances and writeoffs and deductions he limits, were you either troubled by the fact it might be a wash? that you, for example, in your case for your catering business, you might see, butch, no tax savings at all, but you might have a lower rate, but can't deduct as much. >> that will kill us. without disposable income for me to spend or gr
payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5%...
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sure the tax cut policy was to be temporary, but so were the other tax cuts by george bush. the middle class needs champions who are just as vehemently as those who serve the top 1%. unleashed. joy behar. >> on my next show, i'll get into cohen to dish on all 36 current housewives, and still have time left over for bethany. >> eliot: with things looking bleak for mitt romney, the campaign is in need of a new strategy. some of the romney camp sees an opening. as written in the wall street journal. the biggest calamity for obama of course, the administration handling of the tragic attack after two weeks of tiptoe around a definitive answer, they released a statement saying that the attacks in libya from deliberate organized attacks carried out by extremists. >> intelligence community put out a lengthy document that explained the timeline here. i think in the days afterwards it was not clear that this was a terrorist attack as their investigation was conducted and they got more information. that's a determination that they made. >> eliot: some romney advisers think this is an a
sure the tax cut policy was to be temporary, but so were the other tax cuts by george bush. the middle class needs champions who are just as vehemently as those who serve the top 1%. unleashed. joy behar. >> on my next show, i'll get into cohen to dish on all 36 current housewives, and still have time left over for bethany. >> eliot: with things looking bleak for mitt romney, the campaign is in need of a new strategy. some of the romney camp sees an opening. as written in the wall...
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i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his fundraising swing through california looking to capitalize on friday's good economic news. september unemployment rate released on friday dipped to 7.8%, the lowest of his presidency. and new fundraising numbers show the obama campaign is coming off its best month of the year raising $181 million in september. at a fundraising concert last night in los angeles the president added to his campaign coiffers. after thanking the stars for the performance, the president commented on his own performance. >> everybody here is incredible professionals, such great friends. they performed flawlessly, night after night. i can't always say th
i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his...
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>> you don't have to do a, quote, "tax in connection -- "tax increase". you're not doing a tax increase. getting $6 billion out of ethanol, and grover calls that a tax increase. neil: you think the time came to face the american people, tell them this sort of thing that we're up against romney exploited so cautiously. some think it's too late for that. do you buy that? >> no, i don't. everything can change in 30 days. you've watchedded this stuff. you know how it is. they say republicans carry the senate, and three days later, they lost it. the real rate of growth will be 3.1 this year, but it's 1.5. i never have seen a statistic right. in the volatility, they are waiting for someone to make a gaffe, and the gaffes are important, by people are listening. neil: let me ask you, senator, there is this end of the year train wreck you talk about. you warned about it always. the sequestering cuts that kick in, bush rates expire,atm issues, medicare issues, payroll tax issues, all at the same time. matter who is elected, they table this for six months whether it
>> you don't have to do a, quote, "tax in connection -- "tax increase". you're not doing a tax increase. getting $6 billion out of ethanol, and grover calls that a tax increase. neil: you think the time came to face the american people, tell them this sort of thing that we're up against romney exploited so cautiously. some think it's too late for that. do you buy that? >> no, i don't. everything can change in 30 days. you've watchedded this stuff. you know how it is....
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i don't believe romney has proposed raising taxes on on the middle class, he is raising reckless tax cuts. that i would support. >> the answer, the argument really is who do you trust to make thebetter going forward? it seems the president is winning that argument. ashley: perhaps he has been very successful in business, could be a good option. >> exactly. the regular americans really don't start looking at this stuff until three weeks before the election. people might start paying attention. who do you trust? how can you trust barack obama going forward when it failed so miserably the past four years by joe biden's own admission. that is even if you nt to blame rusch, you have a guy in the white house who promised us he would make things better, he is made things worse, he is a failure. >> i am not one of these crazy who do not believe the evidence in front of my eyes. clearly the argument is resounding and working. but you know what, he is very good. ashley: would never have enough time. want to touch on the debate very quickly and what you think the key issues are tomorrow night i
i don't believe romney has proposed raising taxes on on the middle class, he is raising reckless tax cuts. that i would support. >> the answer, the argument really is who do you trust to make thebetter going forward? it seems the president is winning that argument. ashley: perhaps he has been very successful in business, could be a good option. >> exactly. the regular americans really don't start looking at this stuff until three weeks before the election. people might start paying...
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for the united states, you got to deal with the fiscal cliff, the imf saying that combination of tax hikes and spending cuts could lock 4% of gdp growth in 2013. a message from our friends at the imf. back to you. >> also, i want to ask you about this story. "the wall street journal" reporting this morning, goldman sachsm turning their back on president obama. is this a trend an wall street this time around? >> this is a fascinating story. this is a real about turn. apparently two-thirds of -- or possibly three quarters even of goldman sachs employees were supporting financially president obama going into that campaign where he was initially elected. this time around, it appears that 70% are putting their money behind mitt romney. i think it's the continual presentation of attacks on bankers, on the financial sector, the blame being attached to them for the global financial crisis. i think people on wall street and in the city of london for that matter are frankly just had enough of hearing this, the blame game. they're putting their money where their mouth is. and that's mitt romney
for the united states, you got to deal with the fiscal cliff, the imf saying that combination of tax hikes and spending cuts could lock 4% of gdp growth in 2013. a message from our friends at the imf. back to you. >> also, i want to ask you about this story. "the wall street journal" reporting this morning, goldman sachsm turning their back on president obama. is this a trend an wall street this time around? >> this is a fascinating story. this is a real about turn....
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what tax approach do you think could be negotiated in the lame duck? >> you know, we've had deadlock for two years and it's been on the revenue side, not on the cutting side. we always seem to agree on various cuts to make, whether on the domestic discretionary programs like education or highways or on the entitlement programs, but we never seem to agree on revenues. i think one of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're
what tax approach do you think could be negotiated in the lame duck? >> you know, we've had deadlock for two years and it's been on the revenue side, not on the cutting side. we always seem to agree on various cuts to make, whether on the domestic discretionary programs like education or highways or on the entitlement programs, but we never seem to agree on revenues. i think one of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit...
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build on wednesday's debate mitt romney changes course on his criticism of americans who pay no income taxes. >>> i said something that was completely wrong. >> meningitis outbreak. health officials rush to alert patients who may have been exposed to the deadly disease that's killed five people in sickened dozens more. >> i don't want this thing in my body. i feel like i want a cleanser. i want it out. get out of my body. >> and bin laden drama. a tv movie about the raid that killed osama bin laden is set to air two days before the presidential election. this is the "cbs morning news" for friday, october 5, 2012. "cbs morning ne good morning. good to be with you. i'm terrell brown. mitt romney is changing his tune about those controversial remarks concerning 47% of americans. last may speaking at a florida fundraiser romney said 47% of americans paid no federal income taxes and considered themselves victims and will support president obama. romney originally stood by his remarks and described them as not elegantly stated but in an interview with fox news last night romney had a different exp
build on wednesday's debate mitt romney changes course on his criticism of americans who pay no income taxes. >>> i said something that was completely wrong. >> meningitis outbreak. health officials rush to alert patients who may have been exposed to the deadly disease that's killed five people in sickened dozens more. >> i don't want this thing in my body. i feel like i want a cleanser. i want it out. get out of my body. >> and bin laden drama. a tv movie about the...
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his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but when he closes deductions he won't be anywhere near $5 trillion. that's our analysis. >> well with, okay, stipulated, it won't be near $5 trillion, but it's also not going to be the sum of $5 trillion in the loopholes that he's going to close. it is going to cost someone and it's going to cost the middle class. independent economists have taken a look at this. there aren't enough deductions for those at the top to account for the number of tax cuts that they get because of mitt romney's policies. you have to raise taxes on the middle class, as bill clinton says, it's simple math. >> they'll say, though, that you can do that.
his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but...
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vo: why won't romney level with us about his tax plan, which gives the wealth y huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> san francisco is considering allowing apartments around the same size as the when you see here, 150 square feet. cities like new yorker allowing the michael apartments that are of a parkinge space. >> imagine that tiny package a stand-alone house? greta kreuz introduces us to one 150 square foot home. >> you are in the great room. this is the living room. >> welcome to her tiny house. the main floor with the seating area, kitchen and bathroom. upstairs in the loft, an air mattress. thes a rebellion against mcmansions. >> not every kid needs his own play room. it is going back where you had with people. she built it for her master's .hesis is part of the online public university system. great to be able to see has done and how applied her degree program. >> the tiny, movement has grown and it is green. it
vo: why won't romney level with us about his tax plan, which gives the wealth y huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> san francisco is considering allowing apartments around the same size as the when you see here, 150 square feet. cities like new yorker allowing the michael apartments that are of a parkinge space. >>...
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plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday heads to san francisco today with romney's poll numbers improving. >> they're looking very good. i feel very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt romney will deliver that major policy speech before noon eastern, but the obama campaign is issuing a preemptive strike with this new tv ad criticizing the republican candidate's past foreign policy faux pas. take a look. >> reckless. amateurish. that's what news media and fellow republicans called mitt romney's gaffe-filled july tour of england, israel, and poland, when our u.s. diplomats were attacked in libya,
plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday heads to san francisco today with romney's poll numbers improving. >> they're looking very good. i feel very good. >> reporter: after the debate, romney is...
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced all-wheel drive. [ engine revving ] it's bringing the future forward. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ]...
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they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the united states, when it comes to pensions. we have in california now for instance $400 billion of unfunded liability, this is something that was done by the legislature, not by the people, so there is a huge amount of money that is being going out, and now it is not available for programs for the people, just because it is for retired people and kind of like you are living in the past, you are taking care of things in the past rather than look to looking to the future and building schools and roads and universities and less study -- >> jon: i keep coming back to this idea, if only somebody could come back from the future
they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the...
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>> you get rid of obama care and 3.8% tax on investment income and get the tax on medical device makers, larry. >> i will bet you $20 right now. i'll make a romney $10,000 bet that obama care is not repealed. >> i'll bet you it will be repealed, but i'll buy a gift for your new daughter. >> thank you. >> if romney wins, which was not expected a week ago but is now more expected, if he wins what is the stock market impact? is it greater than earnings and the federal reserve? how do you assess a romney victory? >> what becomes important is the effect on capital gains and dividend taxes. we as investors view asset investments on an after-tax basis. they make those particular investments more attractive, and we saw this with respect to to t cool stocks. >> the average small business has 2.5 employees, the average is over 5. small businesses get a boom in that. >> i don't disagree with what you're saying but i focus on the tax policy. >> they'll go sky high if romney loses and skier higher because of obama care. >> that said, just to repeat, i disagree. >> all detriments to growth. >> detrim
>> you get rid of obama care and 3.8% tax on investment income and get the tax on medical device makers, larry. >> i will bet you $20 right now. i'll make a romney $10,000 bet that obama care is not repealed. >> i'll bet you it will be repealed, but i'll buy a gift for your new daughter. >> thank you. >> if romney wins, which was not expected a week ago but is now more expected, if he wins what is the stock market impact? is it greater than earnings and the federal...
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that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a brutal civil war that's killed an estimated 30,000 people since march of last year. for more on this potentially explosive situation along the border, we turn to nbc's amon. he's live on the phone from turkey. reset this story for us, if you would, this morning. what happened initially, and where are we now? >> reporter: well, it began on wednesday afternoon when the syrian military essentially fired on this town that was on the syrian side of the border, but according to some, they overshot. one of the mortars landed in the turkish town
that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a...
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but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will stay where they are, or come down. coming down is a possibility. the important part of this tax plan, is to remember, when you earn, say you earn $200,000 and you have $20,000 worth of deductions, so now you paying tax on $180,000. if you paid tax at 35 percent rate, obviously the rate will be below $35 percent because you do not pay on full $200,000. governor romney is saying reduce that rate and every dollar you earn offer the amount that uses up the tax deductions, you will pay the lowest rate on. it will encourage people to earn more money,
but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will...
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as always. [ male announcer ] who will raise taxes on the middle class? according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yourself at american.com. obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve this message.
as always. [ male announcer ] who will raise taxes on the middle class? according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yourself at american.com. obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve...
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on middle income families, i will lower taxes on middle income families. i saw a study that came out today that said if you were going to raise taxes. >> the voters are having watch parties across the country many in the chicago area debate number one is always a big deal. voters are checking things out tonight. >> there are probably thousands of these viewing parties across the country, some of them here in chicago, one of them in swarthmore and it was hosted by patch and you have republicans and democrats and undecided voters and i have each to get their opinions and thoughts on how things went tonight let's start with the undecided voter from all would the big question of the night tonight is was there a clear winner? >> no, i thought it was a draw, i was pleased it was more civil than i thought it would be so for me the domestic policy is big and foreign policy is going to decide it. i'm waiting for foreign policy. >> let's move on to an obama supporter in when i spoke with you midway through the debate you said to me, i think romney is doing a little
on middle income families, i will lower taxes on middle income families. i saw a study that came out today that said if you were going to raise taxes. >> the voters are having watch parties across the country many in the chicago area debate number one is always a big deal. voters are checking things out tonight. >> there are probably thousands of these viewing parties across the country, some of them here in chicago, one of them in swarthmore and it was hosted by patch and you have...
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Oct 8, 2012
10/12
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then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much as mitt romney wants to there is no way or he would have put forth the pro growth plan. he's ring on magic like harry potter will be his treasury secretary. >> he's not going to be able to cut taxes for rich people. he doesn't want to. the idea of pro growth taxes -- >> didn't he say 20% across the board? >> he did, but he also said if you take up the deductions, rich people won't get a big tax break. that's the truth. if you go through the principles and think about it, how do you design a pro growth tax policy? you have to take down the race and get rid of deductions. the numbers can add up.
then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much...
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public policy areas from flexible international exchange rates to a lower rate of inflation, lower taxes, less government. all volunteer army. lou: what, do you think, professor friedman would think of bin bernanke's federal reserve today? >> well, i think that friedman largely would have supported the actions that the fed has taken. that is certainly ben bernanke position who is a great scholar of milton friedman and also the great depression. i think that in an extraordinary circumstances you would argue that the extraordinary measures are called for and that the fed really has tried to avoid a repeat of the 1930's when there was a great decline in the velocity of money and there was actual inflation. that hasn't happened. lou: you don't think he would be and that'll nonplussed by too much coincidence with keynesian economics? >> no. i think that on the fiscal side he would very much opposed the economic stimulus of president obama. i'm sure he would oppose obamacare. when it comes straight to monetary policy, i think that freedom would think that this was a circumstance where more exp
public policy areas from flexible international exchange rates to a lower rate of inflation, lower taxes, less government. all volunteer army. lou: what, do you think, professor friedman would think of bin bernanke's federal reserve today? >> well, i think that friedman largely would have supported the actions that the fed has taken. that is certainly ben bernanke position who is a great scholar of milton friedman and also the great depression. i think that in an extraordinary...
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he wants to give tax cuts to people over to -- 250. repeal the estate tax and he said he also wants to increase spending for the defense industry. so i don't -- it's right there. this is what he has been running on. he says this will spark economic revival. >> so we don't know is what the president will run on. lou: we do know. he has to run on his record. what he has done is not deliver on cutting the deficit. what he has done is create over $5 trillion in deficits. and a debt of $16 trillion in total. >> see him run his record. that is what he has done. lou: i want to understand something here. is there some way he doesn't run on his record? i'm sorry. >> for the last 20 muncie has been running and his record. lou: i'm not talking about that. i'm talking about right now. governor romney put him on his record, and that was his signature achievement. >> i promise you, what they will do, they're going to fire ever nuclear bomb they have. lou: had dirty. is that what you're saying? >> at the end of the day, the fact that the man stood on
he wants to give tax cuts to people over to -- 250. repeal the estate tax and he said he also wants to increase spending for the defense industry. so i don't -- it's right there. this is what he has been running on. he says this will spark economic revival. >> so we don't know is what the president will run on. lou: we do know. he has to run on his record. what he has done is not deliver on cutting the deficit. what he has done is create over $5 trillion in deficits. and a debt of $16...
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Oct 6, 2012
10/12
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rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very similar -- on my radio program. it is amazing because they spent millions of dollars to position mitt romney and create a narrative about mitt romney and a caricature of mitt romney. wants dirty air, dirty water and doesn't care about children with autism or down's synd scprom wants to throw granny over the cliff. romney rendered all of those millions of dollars wasted. there is a side by side and people saw for themselves, a very different person than a caricature that the democrats were painting of him. where does he go from here? h
rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very...
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10/12
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he wants to raise taxes as vice president biden blurted out they want to raise taxes by a trillion dollars more like 2 trillion by our calculations. he is laying out the same policies he has been talking about for the last four years. >>> scary story. an outbreak of a rare and deadly form of me think gmeningitis. >> it is scary. the death tole reaching 35. the cdc.gov says that number could go even higher. cases of fungal meningitis in 6 states indiana, virginia, maryland, north carolina and florida. a steroid commonly used for back pain has been linked to this outbreak. federal health officials are trying to contact thousands of people who received the steroid in the past three months. >> they are working with state and health department. they recalled loss of medication. they may have been exposed to find out if they are having symptoms and to instruct them to seek healthcare should they be ill. so it's possible we might identify other cases in the coming days. some things include chills, fever and nausea. >> to have a shot six days later you are fighting for your life and you lose your
he wants to raise taxes as vice president biden blurted out they want to raise taxes by a trillion dollars more like 2 trillion by our calculations. he is laying out the same policies he has been talking about for the last four years. >>> scary story. an outbreak of a rare and deadly form of me think gmeningitis. >> it is scary. the death tole reaching 35. the cdc.gov says that number could go even higher. cases of fungal meningitis in 6 states indiana, virginia, maryland, north...
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Oct 5, 2012
10/12
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i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing court looks at it will find that the label does not rule the day. it is the effect, which is a levee, a charge, a charge on the taxpayers of california and they will pay it with a two-thirds majority vote. there has to a constitutionality and procedural constitutionality. >> if we allow this to lap in every town, can't they levee the fees all over the place if everything? >>lis: you go, taking it out of the public safety or public service which is where it belongs, you go to the public library, you get a book out, you are late on the book, you get a
i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing...